Eagle Growth and Income Opportunities Fund Announces Changes in Its Investment Strategy, Declares Monthly Distribution of $0.073 Per Share and Announces Investor Call
- Increase the maximum portion of the Fund’s portfolio that may be invested in equity securities, which may include common and preferred stocks, convertible securities, warrants, depository receipts, exchange -traded funds (“ETFs”) that do not primarily invest in debt instruments, MLPs and real estate investment trusts (“REITs”), from 75% to 85% of its Managed Assets1;
- Decrease the minimum portion of the Fund’s portfolio that may be invested in debt securities, which may include below investment grade securities, notes, bonds, convertible bonds, bank loans, mortgage-backed securities, ETFs that primarily invest in debt instruments and other types of debt instruments, from 25% to 15% of its Managed Assets;
- Increase the maximum portion of the Fund’s portfolio that may be invested in preferred equity securities from 25% to 40%;
- Increase the amount of leverage the Fund may use for investment purposes from 25% of Managed Assets to 33 1/3%, the maximum permitted by the Investment Company Act of 1940, as amended; and
- Suspend the Fund’s strategy of writing (selling) covered options on broad-based indices of securities.
Fund management believes that these changes will allow for the most effective management of the Fund assets, consistent with the Fund’s investment objective, in the current market environment.
The Fund today also announced the declaration of its monthly distribution of
Information regarding the distribution rate is included for informational purposes only and is not necessarily indicative of future results, the achievement of which cannot be assured. The distribution rate should not be considered the yield or total return on an investment in the Fund.
The following dates apply to this distribution:
| Ex-Dividend Date: | |
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| Record Date: | |
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| Payable Date: | |
A portion of each distribution may be treated as paid from sources other than undistributed net investment income, including but not limited to short-term capital gain, long-term capital gain or return of capital. As required by Section 19(a) of the Investment Company Act of 1940, a notice will be distributed to the Fund’s stockholders in the event that a portion of a monthly distribution is derived from sources other than undistributed net investment income. In January or February of each year, investors will be sent a Form 1099-DIV for the previous calendar year that will define how to report these distributions for federal income tax purposes.
Finally, the Fund today also announced that it will hold an investor call on
The conference call can be accessed by dialing 877-845-8992, conference ID 5599529. A replay of the live broadcast will be available by dialing 855-859-2056, conference ID 5599529 through
The Fund will post its
The investment return, price, yields, market value and net asset value (NAV) of the Fund’s shares will fluctuate with market conditions, and it is possible to lose money by investing in the Fund. Closed-end funds frequently trade at a discount to NAV, which may increase the investor’s risk of loss. There is no assurance that the Fund will meet its investment objective.
Investment return and principal value will fluctuate. Past performance is not a guarantee of future results.
The Fund is a non-diversified, closed-end management investment company that is advised by
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Forward-Looking Statements
Statements included herein may constitute “forward-looking statements”, which relate to future events or our future performance or financial condition. These statements are not guarantees of future performance, condition or results and involve a number of risks and uncertainties. Actual results may differ materially from those in the forward-looking statements as a result of a number of factors, including those described from time to time in our fillings with the
Contact the Fund at 1.855.456.3927 or visit the Fund’s website at http://fwcapitaladvisors.com /egif for additional information.
| 1 | Total assets of the Fund (including any assets attributable to borrowings for investment purposes) minus the sum of the Fund’s accrued liabilities (other than liabilities representing borrowing for investment purposes. | ||
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